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April 30, 2023
Yum! Brands retained a record high value of $140.93, then dropped 35 cents and closed at Friday. This comes following 's session in which it closed at $139.8.
Technical chart analysis shows Yum! Brands Inc could be slowing down soon as it approaches resistance at $141.28. Of course, crossing it might suggest further gains are ahead. Trend-following investors would be interested to note that investors are seeking long positions as Yum! Brands price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. According to momentum evaluation, according to technical analysis of Yum! Brands's Relative Strength Index (RSI), the market is currently overbought. Analysis based on the asset volatility indicates that Yum! Brands's upper Bollinger Band® is at $142.23, this is a slight indication of a slowdown.
Overall, while Yum! Brands has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
A look at other consumer discretionary stocks also showed bullish price action as Walt Disney was up 2.57%. Home Depot gained 2.25%, as it traded at $300.54.
While Yum! Brands was bullish Friday, the following consumer discretionary stocks underperformed: Amazon closed at $105.45 (down 3.98%).
Also worthy of note, United States ISM Manufacturing PMI (Apr) is expected tomorrow at 14:00 UTC.
The stock has been trending positively for about a month. Yum, a fast food corporation operating the KFC, Pizza Hut and Taco Bell brands, is now trading 0.55% below the significant high of $140.58 it set around 2 days ago.
